A Snapshot of our Monthly Cash Flow
Back in 2008 I shared a snapshot of our monthly cashflow while we were DINKS on assignment in China. Now that we back in the US, on a single income and our family is bigger, I figure it might be interesting to share a more recent month.
My how things have changed! While this isn't a complete picture (ignores investment and other misc income) it does give a pretty good indication on how we are doing today in terms of what we spend or retain from what we are earning.
Even though my net pay is up significantly ($4k vs ~$5k) since 2008, it doesn't mean my actually earnings went up anything close to that. We have eliminated our ESPP contributions among other things (such as tweaks to 401k contributions, tax witholdings, flexible spending accts etc) to increase our monthly net pay.
A surprise to me is our monthly food bill - we are eating out very little and am surprised its so high. It might partially be explained that we often shop as SuperTarget for our groceries so as a result we may have non-food items in our bill, but to me this should be <$600 a month.
Utilities are more than I expected. We have moved into a bigger house at the end of 2008 and our utilities have gone up, but we don't have a home telephone, cable, or trash service. Today we only have 2 cell phones, gas, electric, and cable internet.
Gifts is are as expected - I believe we average about $100/mo in gifts for all types of occasions - kids birthdays, family, weddings, holidays. I think this is the new norm for us.
The $661 for Vacation/Travel was our purchase of our first cruise.The rest of the monthly expenses seem roughly inline with our new norm.
Without my wife's variable income we are basically spending what we are making. A far cry from our previous DINK status and we are reaping the reward from planning ahead and focusing on building our net worth in previous years. Now that we are a single income family we are relying much more on putting our net worth to work to continue towards our goal to financial freedom as we no longer have the ability to save like we use to.
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